Chapter 4 Demonstration Problem Solutions Page 1 Please Send Comments and Corrections to me at [email protected] Demo 4-1 ANSWER Units % Direct Materials $152,500 Conversion Costs $73,600 + 48,800 = $122,400 Beg. Inv. 5,000 40% 0 2,000 S & Comp. 55,000 100% 55,000 55,000 End. Inv. 6,000 70% 6,000 4,200 61,000 61,200 152,500/61,000 122,400/61,200 $ 2.50 $ 2.00 Beginning Inventory: $17,900 + 2,000(2) $ 21,900 Started and Completed: 55,000 (2.50 + 2) 247,500 Transferred Out : $ 269,400 Ending Inventory: 6,000 (2.50) + 4200 (2) $ 23,400 Demo 4-2 ANSWER Units % Direct Materials $152,500 + 9,332 = $161,832 Conversion Costs $73,600 + 48,800 + 8,568 = $130,968 Beg. Inv. 5,000 100% 5,000 5,000 S & C 55,000 100% 55,000 55,000 End. Inv. 6,000 70% 6,000 4,200 66,000 64,200 161,832/66,000 130,968/64,200 $ 2.452 $ 2.04 Beginning Inventory: 5,000 (2.452 + 2.04) $ 22,460 Started and Completed: 55,000 (2.452 + 2.04) 247,060 Transferred Out : $ 269,520 Ending Inventory: 6,000 (2.452) + 4200 (2.04) $ 23,280Chapter 4 Demonstration Problem Solutions Page 2 Please Send Comments and Corrections to me at [email protected] Demo 4-3 ANSWER Units % Direct Materials $104,075 Conversion Costs $90,270 Beg. Inv. 250 100% 250 250 S & C 8400 100% 8400 8400 End. Inv. 400 50% 400 200 9,050 8,850 $104,075/9,050 $90,270/8,850 11.5 10.2 Beginning Inventory: 250 (11.5 + 10.2) $ 5,425 Started and Completed: 8,400 (11.5 + 10.2) 182,280 Transferred Out : $187,705 Ending Inventory: 400 (11.5) +200 (10.2) $ 6,640 Demo 4-4 ANSWER Units % Direct Materials $740 Direct Labor $6,840 Manufacturing Overhead $10,200 Beg. Inv. 200 0% / 40% / 50% 200 200 200 S&C 3,100 100% 3,100 3,100 3,100 Ending 400 100% / 30% / 25% 400 120 100 3,700 3,420 3,400 $740/3,700 $6,840/3,420 $10,200/3,400 $.20 $ 2.00 $3.00 Beginning Inventory: 200 x (.2+2+3) $ 1,040 Started and Completed: 3100 x (.2+2+3) 16,120 Transferred Out : $17,160 Ending Inventory: 400(.2)+120(2)+100(3) $ 620Chapter 4 Demonstration Problem Solutions Page 3 Please Send Comments and Corrections to me at [email protected] Demo 4-5 ANSWER Units % Direct Material $96 + 24,048 = $24,144 Direct Labor $40 + 16,008 = $16,048 Manufacturing Overhead $24 + 12,006 = $12,030 Beg. Inv. 20 20% / 50% / 60% 20 20 20 S&C 3,980 100% 3,980 3,980 3,980 Ending 40 60% / 30% / 25% 24 12 10 4,024 4,012 4,010 $24,144/4024 $16,048/4,012 $12,030/4,010 $6.00 $4.00 $3.00 Beginning Inventory: 20 x (3+4+6) $ 260 Started and Completed: 3980 x (6+4+3) $51,740 Transferred Out : $52,000 Ending Inventory: 24(6)+12(4)+10(3) $
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